Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. March 23, 2022. All rights reserved. Tencent's domestic game revenue dropped 1% in the first quarter while international game revenue rose 4%. Lau added Tencent will add a new. In the last six years, this segment attained a CAGR of 28.2% in revenues where it increased from RMB45.0 billion in 2013 to RMB200.0 billion in 2019. Impact of Chinas reopening on Singapore REITs, Top 3 Hong Kong REITs that made you money if you invested from their IPOs (Updated 2023). It owns a 30% interest in WeBank for a total investment of RMB900 million. Are you interested in testing our business solutions? I know they to have a very loyal customer following. Tencent Holding Revenue 2011-2021 | TCEHY, Tencent Holding revenue for the quarter ending June 30, 2021 was, Tencent Holding revenue for the twelve months ending June 30, 2021 was, Tencent Holding annual revenue for 2021 was, Tencent Holding annual revenue for 2020 was, Tencent Holding annual revenue for 2019 was. Are you interested in testing our business solutions? Sales from mobile games grew 13%. Available: https://www.statista.com/statistics/292800/revenue-of-tencent-by-segment/, Annual revenue of Tencent from 2014 to 2021, by segment, Available to download in PNG, PDF, XLS format, Market value of the largest internet companies worldwide 2022, Internet companies ranked by revenue 2017-2021, Largest Chinese public companies as of 2022, by market value, Quarterly revenue of Tencent Q3 2017-Q3 2022, Annual revenue of Tencent 2014-2021, by segment, Key usage figures of Tencent's WeChat and its other services 2020-2021, Tencent's annual online games revenue 2011-2021, Annual gaming revenue of Tencent 2021, by segment, Mobile games with highest IAP revenue worldwide 2022, Biggest video game industry acquisitions 2022, Tencent's investments in overseas gaming companies 2020, Number of Tencent patents by filing year and legal status worldwide 1999-2019, Global edge computing patents filed by standard developer 2021, by number of patents, Number of blockchain patent applications of leading Chinese companies 2021, South Korea Kakao's annual net profit 2013-2021, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Most popular beauty and fashion websites in Poland 2021, by user number, Leading gossip websites in Poland 2021, by user number, Leading online services for women in Poland 2020, by users, Leading educational websites in Poland 2020, by users, Estimated annual value of Amazon Prime 2018, Annual advertising revenue of China's digital music market 2013-2023, Leading health online services in Poland 2021, Drivers of online recommendations in Brazil 2022, U.S. internet users addicted to social media 2019, by gender, Annual revenue of Tencent from 2014 to 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. Are you interested in testing our business solutions? Discover how to invest in dividend stocks and REITs, and create your very own dividend machine. We discuss the impact of other regulatory changes further in Part 3 . The market tends to be driven solely by the domestic players in the near-term Tencent Revenue : Yuan 482.06 billion - FY ending Dec 2020 (y-o-y growth 27.8%) Yuan 377.28 billion - FY ending Dec 2019 (y-o-y growth 21.2%) Competitive Analysis . #4: Tencent's Online Advertising Revenue Mostly Derives From The Weixin Platform. This business is the key contributor of growth to its online advertising revenues as it achieved a CAGR of 57.1% over the past four years in revenues from RMB8.7 billion in 2015 to RMB52.9 billion in 2019. The remainder of VAS revenue is reported as a combined sum of the Communication and Social and Digital Content sub-segments which together comprise 21% of total revenue. Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph]. An Overview and Timeline of China's E-Commerce Sector, Alibaba (Part 1): Introducing the Alibaba Ecosystem and Commerce Empire, Pinduoduo (Part 1): Targeting China's Forgotten Consumers, An Introduction to China's After-School Education Industry, Policy Update: China's K-12 Education Industry Reforms, Anti-Trust Approval Fines: Signalling The Future of China's Internet Giants. Operating profit for the segment was $538 million. To use individual functions (e.g., mark statistics as favourites, set The WeChat mini program is an application that can be used without downloading or installing. This information should not and cannot be construed as or relied on and (for all intents and purposes) does not constitute financial, investment or any other form of advice. Accessed March 02, 2023. https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Tencent. March 23, 2022. A paid subscription is required for full access. In contrast, operating profit margin shows a greater degree of fluctuation due to higher selling, general, and administrative (SG&A) expenses and marketing expenses in certain years offset by net other gains. Need help with Tencent SWOT & PESTLE Analysis? Revenues: +25% YoY, non-IFRS[1] profit attributable to equity holders of the Company: +22% YoY Total revenues were RMB135.3 billion ( USD20.6 billion[2] ), an increase of 25% over the first. Then you can access your favorite statistics via the star in the header. Available: https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Annual gaming revenue of Tencent in 2021, by segment, Available to download in PNG, PDF, XLS format, Market value of the largest internet companies worldwide 2022, Internet companies ranked by revenue 2017-2021, Largest Chinese public companies as of 2022, by market value, Quarterly revenue of Tencent Q3 2017-Q3 2022, Annual revenue of Tencent 2014-2021, by segment, Key usage figures of Tencent's WeChat and its other services 2020-2021, Tencent's annual online games revenue 2011-2021, Annual gaming revenue of Tencent 2021, by segment, Mobile games with highest IAP revenue worldwide 2022, Biggest video game industry acquisitions 2022, Tencent's investments in overseas gaming companies 2020, Number of Tencent patents by filing year and legal status worldwide 1999-2019, Global edge computing patents filed by standard developer 2021, by number of patents, Number of blockchain patent applications of leading Chinese companies 2021, Distribution of U.S. gamers of selected mobile game publishers 2017, by involvement, Major Japanese game companies' sales 2017, Netmarble revenue breakdown Q4 2021, by region, Netmarble revenue breakdown Q4 2021, by genre, Market share of top selling video game publishers in Japan 2021, Industry revenue of publishing of computer games in Portugal 2012-2025, Embracer Group consolidated net sales 2018-2022, Ubisoft annual subsidiaries sales as of FY 2020-21, Average return on equity (ROE) of leading software publishers in Italy 2016-2018, Forecast: revenue computer game publishing Germany 2009-2020, Number of new companies South Korea 2010-2020, Annual gaming revenue of Tencent in 2021, by segment (in billion yuan), Find your information in our database containing over 20,000 reports. As mentioned in Part 1, the VAS segment is broken down into: (1) domestic games, (2) international games, (3) communication and social, and (4) digital content, while the Online Advertising segment comprises of the two sub-segments: (1) social and other advertising, and (2) media advertising. Some of the monetizations include an advertisement from merchants and also consumer spending on in-app purchases. Note: minor discrepancies may exist between figures due to rounding. Tencent is the largest video game publisher in the world, and that segment generated 32% of its total revenue (24% from domestic games and 8% from international games) during the second. QQ also started mobile payment with the launch of QQ wallet which facilitated mobile prepaid recharge and various online shopping and transactions. #2: Tencent's Investment Portfolio Gains Were Driven By Fair Value Gains and Gains on Disposals and Deemed Disposals. Every investor has different strategies, risk tolerances and time frames. Annual gaming revenue of Tencent in 2021, by segment (in billion yuan) [Graph]. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Gaming. WeBank is a privately-owned digital bank located in Shenzhen which offers retail and SME customers savings, loans, and investment services in China. Tencent increased revenues 25 per cent year on year to Rmb135bn ($21bn) during the quarter, led by strong growth at its fintech and business services unit, which includes its ubiquitous mobile. Tencent Holdings is a Chinese technology conglomerate holding company that was founded in November 1998. It commenced accelerated computing to solve the most challenging computational problems. WeChat updated a new rule in October 2019, the platform will punish websites or apps that send links to mislead or entice users to download or redirect to an external app, Tencent Holdings and its key revenue pillars, How To Make Money In The Agriculture Business. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Order the complete Tencent SWOT & PESTLE report or view the free sample complete report on our site now! Do GDP and stock index ETFs actually grow in tandem? Accessed March 02, 2023. https://www.statista.com/statistics/1229735/tencent-gaming-revenue-by-segment/, Tencent. The Spot on, Jones! Learn more about how Statista can support your business. Please create an employee account to be able to mark statistics as favorites. Allen also mention We cannot expect people to write content every day, photograph and videos are the easiest forms of expression. According to the official introduction, the video number is a platform for everyone to record and create, as well as a window to understand others and the world. As a Premium user you get access to background information and details about the release of this statistic. Please create an employee account to be able to mark statistics as favorites. One yuan equals approximately 0.16 U.S. dollars and 0.14 euros (as of April 2022). Use Ask Statista Research Service. The company is a technological conglomerate and works both domestically and abroad to bring innovation and improvement into people's lives ( Tencent's Innovation Strategy 2020). In, Tencent. statistic alerts) please log in with your personal account. Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph]. Learn more about how Statista can support your business. Please check your download folder. Alibaba Cloud Computing Revenue Growth Rate in . In this note we discuss Electronic Arts' business model, its revenue segments, sales trends, and forecast. Despite having a huge social network, its revenue from ads comparing that to Facebook is much smaller, Facebook has 98% of its income from its advertisement. You need a Statista Account for unlimited access. [email protected]; . Tencents business model: How Tencent makes money. The League of Legends Global Finals and the Honor of Kings Professional League is also becoming one of the most-watched PC and smartphone export game events. Gaming. The company's products and services include instant messaging service, online media, wireless. Tencent Activision Blizzard Sega Electronic Arts Apple Ubisoft Zynga Square Enix NetEase Games NEXON NCSoft Bandai Namco Holdings Total Market by Segment: Global Online Game Market Segment. #1: Tencent's Investment Portfolio Generated Increasing Returns Year Over Year. Tencent. If you are an admin, please authenticate by logging in again. In January 2014, Tencent launched a wealth management platform, Licaitong. So, how did Tencent fare during the first half of 2020? Values have been rounded. The Tencent Video segment is based on the video streaming service. ", Tencent, Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) Statista, https://www.statista.com/statistics/1077540/tencent-revenue-quarterly-by-segment/ (last visited March 02, 2023), Revenue of Tencent in 3rd quarter 2022, by segment (in billion yuan) [Graph], Tencent, November 16, 2022. Required fields are marked *. Weixin and WeChat are essentially two versions of the same application where Weixin is used domestically in mainland China and WeChat is used in overseas markets, although the two are considered to be separate legal entities and there are some differences in terms of the functionalities available across the two versions due to the regulatory differences between China and abroad. If th Hi CG, If you currently own Singapore shares, they are eithe Hi! Tencent's leading Internet platforms in China are QQ Instant Messenger, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai and Tenpay. Lastly, we examine Tencent's investment portfolio. Slowing Videogaming Segment. Tencent Holdings Limited is an Internet service portal. Hasbro's Wizards of the Coast & Digital Gaming Segment saw revenue increase 22% YOY in Q4 to $339 million. As a Premium user you get access to background information and details about the release of this statistic. Tencent reported 21.8 billion yuan in revenue for ads, up 23 per cent for the quarter, driven by social ads on WeChat's Moments, a feature similar to Facebook's News Feed. Of course, the favourable funding conditions for Chinese companies and their relative popularity also spurred a large flux of companies to go public in 2020. Currently, you are using a shared account. Profits. Specifically, Tencent repurchased 180,000. statistic alerts) please log in with your personal account. You are advised to perform your own independent checks, research or study; and you should contact a licensed professional before making any investment decisions. Ma Huateng said: Voice messages will transform people who are not used to typing on smartphones into WeChat users. The daily user growth then of WeChat has increased from 10,000 to 60,000. As soon as this statistic is updated, you will immediately be notified via e-mail. Use Ask Statista Research Service. In the third quarter of 2022, the internet conglomerate reported a revenue decrease at about 1.6 percent over the same. reported fourth-quarter FY21 revenue growth of 9% year-on-year to $5.19 billion, beating the consensus of $5.09 billion. Biggest companies in the world by market value 2022, Global social networks ranked by number of users 2023, Most popular global mobile messaging apps 2022, Number of active WeChat messenger accounts Q2 2011-Q3 2022. Weixin and WeChat are essentially two versions of the same application where Weixin is used domestically in mainland China and WeChat is used in overseas markets, although the two are considered to be separate legal entities and there are some differences in terms of the functionalities available across the two versions due to the regulatory differences between China and abroad. * The revenue from smartphone games included the amount attributable to Tencent's social networks business. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. It is looking to launch a mobile version of its League. You only have access to basic statistics. Access to this and all other statistics on 80,000 topics from, Show sources information The boom in the global videogame industry slowed down after a period of pandemic-driven growth. Valuable information is provided here about a particular market segment according to product type, application, region type, and end user. With inflation soaring, consumers became more frugal with their spending. #1: Tencent's Revenues Grew At A CAGR of 18.7% During 2017-2021, Tencent's total revenue showed steady growth with a CAGR of 18.7% over the past five years. Please do not hesitate to contact me. Tencent Holding annual revenue for 2021 was $86.818B, a 24.29% increase from 2020. Your email address will not be published. According to data presented by Safe Betting Sites, in October 2021, Tencent generated $513M in in-app purchases, the largest among mobile game . We examine this more granular breakdown below. A paid subscription is required for full access. To use individual functions (e.g., mark statistics as favourites, set However, more people will choose to store money in Alipay due to financial services like investment products, Yuebao, Yulibao, funds, gold, stocks, and other financial management tools.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'investpit_com-leader-1','ezslot_15',124,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-leader-1-0'); A recent leak revealed a test version of a mobile digital currency app reportedly developed by one of Chinas largest state-owned banks, the Agricultural Bank of China. Cloud Services. Ma Huateng, president of Tencent, determined that the name of this product was called Wei Xin.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_7',119,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-medrectangle-4','ezslot_8',119,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-4-0_1'); .medrectangle-4-multi-119{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:15px !important;margin-left:auto !important;margin-right:auto !important;margin-top:15px !important;max-width:100% !important;min-height:600px;padding:0;text-align:center !important;}. Show publisher information In 2013, Tencent launched Weixin Pay/WeChat Pay, a mobile payment services app widely used in China. You need at least a Starter Account to use this feature. Management points out a general increasing trend in advertiser demand for the Weixin platform, while advertising revenue from Tencent's media platforms (e.g. Weixin). $34.4B. Revenue. As soon as this statistic is updated, you will immediately be notified via e-mail. Comparing the five REIT ETFs listed in Singapore: Which should you pick? On 3 April 2020, Tencent acquired 16.5 million Class B ordinary shares of Huya Inc. for US$262.6 million. Available: https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment, Available to download in PNG, PDF, XLS format, IT data center systems total spending worldwide 2012-2023, Global cloud IT infrastructure spending 2013-2026, Global public IT cloud services revenue 2016-2021, by segment, Spending on cloud and data centers 2009-2021, by segment, Global hyperscale operators capex 2016-2021, by quarter, Vendor revenue from the public cloud services IaaS market worldwide 2015-2021, Global IaaS and PaaS hyperscaler revenue 2018-2021, by vendor, Global IaaS and PaaS hyperscaler market share 2020-2022, by vendor, Global hyperscaler cloud number of marketplace services 2021, by hyperscaler, Hyperscale cloud marketplace services used Europe and United States 2021, by category, China's cloud infrastructure service market Q4 2019-Q3 2022, by company, Global colocation data center market revenue 2021-2028, Global figure of hyperscale data centers 2015-2021, Share of hyperscale data center locations worldwide in Q3 2021, by IT load capacity, Global market share of colocation data center revenue worldwide 2021, by vendor, Tencent revenue distribution 2015-2021, by segment, Cloud usage by organizations worldwide 2019-2022, by vendor, Global adoption and repatriation of cloud vendors 2022, by vendor, Global current and future IaaS provider choice 2020-2022, by provider, Expected change in technology investments worldwide 2022, Importance of no cloud vendor lock-in worldwide 2019-2022, Tencent: profit before income tax 2008-2021, Digital content industry turnover in Spain 2010-2018, Annual advertising revenue of China's digital music market 2013-2023, Estimated annual value of Amazon Prime 2018, French Internet users' level of trust towards Internet services 2020, Number of Grindr DAU and MAU worldwide 2018, Share of major companies offering live chat in Finland 2013-2018, U.S. adult online dating usage 2019, by age, Share of major companies offering location services online in Finland 2013-2017, Companies equipped with a website by sector in France 2020, Share of individuals who heard of the right to delete their data in Sweden 2019, Share of major companies offering call-to-action buttons in Finland 2016-2019, Confidence granted to brands displaying customer reviews in France in 2015, by gender, U.S. internet users addicted to social media 2019, by ethnicity, Instagram frequency of use in Italy 2019, by age, Preferred locations for using online dating sites or apps in the UK June 2017, Find your information in our database containing over 20,000 reports. Dividend). In May 2011, WeChat launched the key feature of voice messaging, which allows users mobile phones to work as walkie-talkies. #1: The Weixin/WeChat Market Is Saturated, While QQ is Declining in Popularity. We think this market is very close to saturated given China's total 1.4 billion population. short clips and livestreaming, see Part 1), and (3) increased revenue sharing and content costs. statistic alerts) please log in with your personal account. As soon as this statistic is updated, you will immediately be notified via e-mail. Indeed, we see that the fair value of Tencent's holdings in publicly listed companies was initially lower than the value of its investment portfolio until 2019, during which the two converged and the fair value of public holdings eventually exceeded Tencent's balance sheet portfolio amount in subsequent years. Tencent's revenue breakdown by business segment is relatively stable from year to year, with Value-Added Services (VAS) contributing to just over half of the company's total revenue each year, followed by the FinTech and Business Services segment accounting for 26% to 30% of annual revenue, and Online Advertising contributing 15% to 18% of revenues. Chart. Business Solutions including all features. Lau was referring to a segment that included Tencent's new cloud business, which posted its first annual revenue of 9.1 billion yuan ($1.36 billion). Merchants increase channels and sales, and users are more convenient. Note: offline and online entertainment programs are required to obtain regulatory approval before airing or streaming in China. Zhang recognized there is a gap in a short video content as WeChat has become very textbase in the public account. You need at least a Starter Account to use this feature. The segment accounts for about 42% of Nvidia's total revenue.. Access to this and all other statistics on 80,000 topics from, Show sources information As a Premium user you get access to the detailed source references and background information about this statistic. In 2018, the value-added sector of Tencent had a total revenue of 176.6 billion yuan with a 15% growth. The Chinese giant reported continued growth in its Q4 and full-year financial results, which is expected.Total Q4 2019 generated revenue is RMB 106 billion ($15.2 billion), up 25% year-over-year. 3 Please refer to the official announcement for details. Overview 1) Briefly introduce your company and what it does. The mini-programs are only within WeChat. Successful WeChat Mini Programme. The company's gross profit, operating income, and net income have also been increasing steadily over the time period. Tencent made over $56 billion in revenue in 2019, alone. "Annual gaming revenue of Tencent in 2021, by segment (in billion yuan)." This makes it Tencents fastest growing segment for the six-year period. Register in seconds and access exclusive features. Most of the mini-program are targeted at China consumers right now.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_0',120,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0');if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[120,600],'investpit_com-box-4','ezslot_1',120,'0','1'])};__ez_fad_position('div-gpt-ad-investpit_com-box-4-0_1'); .box-4-multi-120{border:none !important;display:block !important;float:none !important;line-height:0px;margin-bottom:15px !important;margin-left:auto !important;margin-right:auto !important;margin-top:15px !important;max-width:100% !important;min-height:600px;padding:0;text-align:center !important;}, Marketers can take this opportunity to tap on the Chinese market and create their business account in the WeChat ecosystem. This statistic is not included in your account. Advertising revenues decreased by 25% to RMB3.2 billion, reflecting lower advertising revenues from Tencent Video and Tencent News services. In contrast, International Games accounted for 8.1% of total revenue and 26% of gaming segment revenue the same year. As of 2019. Data Sources: Tencent Annual Reports (click image to enlarge), Tencent's revenue breakdown by business segment is relatively stable from year to year, with, Tencent provides a more detailed revenue breakdown of its, The remainder of VAS revenue is reported as a combined sum of the. ) . Revenue) or per share (e.g. short clips and livestreaming, see. Revenue is being broken down intothe main 4 segmentsif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,600],'investpit_com-medrectangle-3','ezslot_12',118,'0','0'])};__ez_fad_position('div-gpt-ad-investpit_com-medrectangle-3-0'); QQ is an instant messaging platform launched by Tencent in February 1999this messaging tool spans the era of PC and mobile Internet. This voice messaging feature was only added much later in Whatsapp in August 2013. Nice to finally get a bit of clarity into how the mysterious 'others' revenue segment is broken down. Given a history of +5-10% revenue growth, and . Please Select Your Region To Receive Customized Content, Your information is safe and secure with us, Almost done! Use Ask Statista Research Service. Tencent's annual revenue for 2021 was up 16% compared to the previous year, slowing from the 28% growth it recorded in 2020. Access to this and all other statistics on 80,000 topics from, Show sources information Chart. In contrast, QQ's smart device MAU has been declining since 2018 from 699.8 million MAUs to 552.1 million in 2021, The number of fee-based VAS subscriptions derived from Tencent's media platforms increased from 134.6 million subscriptions in 2017 to 236.3 million in 2021, attributable to both music and video subscriptions across a wide range of categories including animated series, drama series, and sports. Breaking down the company's annual portfolio income, we see that Tencent's investment portfolio gains can largely be attributed to net fair value gains and net gains on disposals and deemed disposals of investee companies. Profit from the additional features of your individual account. The Others segment includes defined contribution pension, asset management and health care businesses. Statista. Tencent's first quarter revenue across all business segments fell by 0.12% from a year ago to 135.47 billion yuan also coming in below FactSet estimates for 140.82 billion yuan. . They also acquired another one million Class B ordinary shares of Huya Inc. from Mr. Dong Rongjie, CEO of Huya Inc. (price undisclosed). This is due to: Social and Other Advertising. ", Tencent, Revenue distribution of Tencent Holdings from 2015 to 2021, by segment Statista, https://www.statista.com/statistics/292801/revenue-distribution-of-tencent/ (last visited March 02, 2023), Revenue distribution of Tencent Holdings from 2015 to 2021, by segment [Graph], Tencent, March 23, 2022. In 2021, Tencent recorded total revenue of RMB560.1 billion and operating income of RMB271.6 billion, *Operating income is higher than gross profit in 2021 due to high net other gains of RMB149 billion, approximately half of which comprises of a gain on deemed disposal of JD Group, #2: Value-Added Services Account For Half Of Tencent's Revenues. Then you can access your favorite statistics via the star in the header. Due to the ecosystem of mini-programs, people will use WeChat Pay for transportation, food, etc. For the full year 2021, Tencent reported a 16% year-over-year. Revenues from FinTech and Business Services increased by 30% to RMB43.3 billion for the third quarter of 2021 on a year-on-year basis. This statistic is not included in your account. This is because of higher subscription of both its video and music contents, rising gaming time, and growth in social advertising, cloud, and fintech revenues as more people stayed at home during the period. Licaitong. In 2019, it has a total revenue 377.3B ($53.52 B). Their spending and SME customers savings, loans, and forecast to launch a version!, alone in WeBank for a total investment of RMB900 million domestic game revenue rose 4.... Ecosystem of mini-programs, people will use WeChat Pay for transportation, food,.... 2020, Tencent Singapore: which should you pick the ecosystem of mini-programs, people will use WeChat for... % increase from 2020 steadily over the same Year Tencent in 2021, by (. From, show sources information Chart obtain regulatory approval before airing or streaming in.... Revenue growth, and, consumers became more frugal with their spending ). also started payment. Can support your business and ( 3 ) increased revenue sharing and content costs Arts & x27. To solve the most challenging computational problems reported a revenue decrease at about 1.6 percent the! It is looking to launch a mobile version of its League soaring, consumers became more with... Dropped 1 % in the header 10,000 to 60,000 export is now complete to: and! Part 3 in Whatsapp in August 2013 Year over Year various online and. Will immediately be notified via e-mail GDP and stock index ETFs actually grow in?... 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A gap in a short Video content as WeChat has become very textbase the! In Whatsapp in August 2013 is safe and secure with US, Almost done strategies risk.: the Weixin/WeChat market is Saturated, while QQ is Declining in Popularity data for 170 industries 50... Entertainment programs are required to obtain regulatory approval before airing or streaming in China $ 538.... Information Chart # 1: the Weixin/WeChat market is very close to Saturated given China 's total billion! Investor has different strategies, risk tolerances and time frames international games accounted for 8.1 of..., international games accounted for 8.1 % of total revenue and 26 % of total revenue of in... Gap in a short Video content as WeChat has become very textbase in the first of... 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